Reck Company receives a $10,000, 3-month, 8% promissory note from Fey Company in settlement of an open accounts receivable. What entry will Reck Company make upon receiving the note?
Notes Receivable 10,000
Interest Receivable 200
Accounts Receivable-Fey Company 10,000
Interest Revenue 200
Notes Receivable 10,000
Accounts Receivable-Fey Company 10,000
Notes Receivable 10,200
Accounts Receivable-Fey Company 10,200
Notes Receivable 10,200
Accounts Receivable-Fey Company 10,000
Interest Revenue 200